In brief
- Bitcoin broke a new all-time high of a little over $126,000 per coin on Monday.
- However, the stock prices of publicly traded mining companies are rising even faster.
- Investors are flooding into the stock market and alternative assets over worries that currencies worldwide are being debased.
Bitcoin’s price hit new records Monday, as the so-called debasement trade has become more attractive. But Bitcoin mining company stocks rose even quicker, furthering sizable gains seen across the industry in recent weeks.
Top public companies in the mining space—including the Nasdaq-listed HIVE Digital, MARA, and CleanSpark—all shot up on Monday ahead of the closing bell.
HIVE Digital led the pack with a 25% jump to nearly $6 a share by…